MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING PART 9) The cost of a Fixed Assets of a business has to be written off over its Natural Life Accounting Life Physical Life Estimated Economic Life Receipts and Payments Account records Only revenue nature receipts Only capital nature receipts and payment Only … Read more
MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING PART 8) Del credere commission is allowed to consignee for making cash sales for making credit sales for making extra sales for undertaking risk of bad debts Which of the following is a function of journal: Analytical Function Recording Function Historical Function All … Read more
MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING PART 7) Survey expenses for marine insurance claim must be Added to claim; Added to legal charges; Added to administrative charges; None of the above. A profit on sale of furniture of a club will be taken to Cash Account; Receipts and Payment … Read more
MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING PART 6) Canteen expenses are apportioned among departments in the proportion of Departmental floor space Departmental direct wages Departmental sales Departmental No. of employees Both cash and credit transactions are recorded, on the basis of Accounting Period Concept Going Concern Concept Business Entity … Read more
MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING PART 5) Which of the following commission is allowed by the consignor to the consignee to encourage the consignee for putting-up hard work in introducing new product in the market? Del-credere Commission Over-riding Commission Hard work Commission Ordinary Commission If Ram’s acceptance which … Read more
MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING PART 4) A transaction without immediate cash settlement is known as Cash Transaction; Credit Transaction; Deferred Transaction; None of the above. _____________________liabilities represent proprietor’s equity, i.e. all those amount which are entitled to the proprietor External; Debenture; Internal; None of the above. Goods … Read more
MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING PART 3) Which of the following is an example of Capital Expenditure? Inventory of raw materials, work-in-progress and finished goods; Insurance premium; Taxes and legal expenses; None of the above. Which of the following errors is not disclosed by a Trial Balance? Errors … Read more
MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING ) Which of the following is of capital nature? Commission on purchases Cost of repairs Rent of factory Wages paid for installation of machinery Outward Invoice issued is a source document of Purchase Book Sales Book Return Inward Book Return Outward Book A … Read more
MCQ ON STRATEGIC MANAGEMENT 1. A supplier group is powerful ifA. it is not concentrated.B. its customers can backward integrate.C. it offers unique products.D. there are no switching costs. 2. A company’s actual strategy isA. mostly hidden to outside view and is known only to top-level managers.B. partly proactive and partly reactive to changing circumstances.C. typically planned well in advance and usually deviates little from the planned set of actions and business … Read more
MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP SECOND (MCQ – STRATEGIC MANAGEMENT) Which one of the following does NOT seem to be an advantage of the strategic management?A. Discharges board responsibilityB. Provides a framework for decision-makingC. Forces an objective assessmentD. It can be expensive 2. Which of the following analyses ‘products and businesses by market share and market growth’? A. SWOT Analysis B. BCG Matrix … Read more
(i) In process, conversion cost means(A) Cost of direct materials, direct labour, direct expenses(B) Direct labour, direct expenses, indirect material, indirect labour, indirect expenses(C) Prime cost-plus factory overheads(D) All costs up to the product reaching the consumer, less direct material costs (ii) At the economic ordering quantity level, the following is true:(A) The ordering cost is minimum(B) The carrying cost … Read more